Consumer Prices fell 0.8% as expected driven by the drop in demand for gas, services, and the fall off in airline travel. That is down from the previous read of 0.4% and the most since the 2008 recession.
The national average price of gas is $1.847. In the last week we saw posting as low as $0.99 at various times in Wisconsin, Kentucky, Tennessee, Oklahoma and others. In Hawaii and California, the price remains above $3.00.